Technical analysis by MUKHLISTRADINGACADEMY about Symbol PAXG on 5/7/2025

https://www.switchmarkets.com/?lid=4801&pid=6594 XAUUSD XAUUSD Gold is currently navigating key *retracement levels*, presenting traders with *critical decision points*. Analyzing *extended Fibonacci zones*, including *0.114 & 0.214 levels*, provides a clearer picture of potential price reactions. 🔹 *Key Retracement Levels:* ✅ *0.114 (3,018.22 USD) & 0.214 (3,072.59 USD)* – Early-stage pullback zones where buyers may step in. ✅ *0.382 (3,163.93 USD) & 0.5 (3,228.08 USD)* – Mid-range levels defining trend stability. ✅ *0.618 (3,292.23 USD) & beyond* – Strong resistance areas signaling potential reversal or continuation. 📊 Support & Resistance Zones (Based on Red & Green Arrows): ✔ *Major Support:* 3,022.77 USD – Critical bounce area. ✔ *Secondary Support:* 3,105.54 USD & 3,148.93 USD – Holding here strengthens bullish momentum. ❌ *Major Resistance:* 3,270.99 USD & 3,343.09 USD – Break above may lead to further upside. ##Final Thoughts: Gold is testing crucial zones, and traders should monitor price reactions at Fibonacci levels before confirming trend direction. A break above *3,343.09 USD* signals strong buying pressure, while failure to hold support at 3,022.77 USD could open lower retracement targets. ##📌 Note: This analysis is for educational purposes only and not financial advice. Always conduct your own research and risk assessment before making trading decisions.